Raymond James & Associates Boosts Stock Holdings in APi Group Co. (NYSE:APG)

Raymond James & Associates grew its position in APi Group Co. (NYSE:APG - Free Report) by 13.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,599 shares of the company's stock after acquiring an additional 16,746 shares during the quarter. Raymond James & Associates owned approximately 0.05% of APi Group worth $5,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in APG. Nomura Asset Management Co. Ltd. increased its holdings in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock valued at $44,000 after acquiring an additional 390 shares during the last quarter. Whittier Trust Co. boosted its position in APi Group by 100.9% during the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company's stock valued at $59,000 after purchasing an additional 752 shares during the period. J.Safra Asset Management Corp boosted its position in APi Group by 81.3% during the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock valued at $68,000 after purchasing an additional 776 shares during the period. Motco acquired a new position in APi Group during the 1st quarter valued at approximately $83,000. Finally, Triad Wealth Partners LLC acquired a new position in APi Group during the 2nd quarter valued at approximately $132,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of APG traded up $0.11 during midday trading on Thursday, reaching $35.21. The stock had a trading volume of 1,090,045 shares, compared to its average volume of 1,729,848. The firm's 50 day moving average price is $36.17 and its 200-day moving average price is $36.98. The company has a market capitalization of $9.66 billion, a P/E ratio of -16.47, a P/E/G ratio of 1.06 and a beta of 1.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26. APi Group Co. has a 52 week low of $24.61 and a 52 week high of $39.98.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a return on equity of 39.16% and a net margin of 2.81%. APi Group's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts forecast that APi Group Co. will post 1.88 earnings per share for the current fiscal year.

Insider Activity at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company's stock, valued at $87,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total value of $4,954,500.00. Following the transaction, the director now owns 5,678,779 shares in the company, valued at $187,570,070.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,292,140 shares of company stock valued at $86,113,640. Company insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APG. Barclays reduced their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their price objective on APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird reduced their price objective on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.86.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.